Till the late 1980s, it was the standard middle class dream to be able to somehow cobble enough money to buy one's home. You scrimped and saved for many years, sold some family jewels and borrowed from friends and family.
During the real estate boom period (2006 to 2008), development in Hyderabad was largely concentrated on Hitec City, while Gachibowli, Nanakramguda and surrounding areas were still in their emerging stages.
In a significant judgment, the South Mumbai Consumer Forum has held that a flat owner legally occupying the flat would be a consumer, even if his title to the flat might be in dispute before a competent court.
Selling a property has tax implications. Since the potential gains from a property sale can be high, the subsequent tax paid on it could be high as well. Similarly, purchasing a property can also lead to potential tax benefits.